Ballentine Partners LLC Buys 82 Shares of Equinix, Inc. (NASDAQ:EQIX)

Ballentine Partners LLC raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,174 shares of the financial services provider’s stock after buying an additional 82 shares during the quarter. Ballentine Partners LLC’s holdings in Equinix were worth $1,107,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its holdings in shares of Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares in the last quarter. Fortitude Family Office LLC boosted its position in shares of Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after buying an additional 13 shares during the last quarter. Sugarloaf Wealth Management LLC increased its holdings in Equinix by 100.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after buying an additional 20 shares in the last quarter. Dunhill Financial LLC raised its position in Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after buying an additional 25 shares during the last quarter. Finally, Webster Bank N. A. lifted its stake in Equinix by 112.5% during the 3rd quarter. Webster Bank N. A. now owns 51 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 27 shares during the period. 94.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Equinix news, CEO Adaire Fox-Martin sold 2,965 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the sale, the chief executive officer now owns 3,069 shares in the company, valued at $2,951,211.78. The trade was a 49.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Keith D. Taylor sold 3,184 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the transaction, the chief financial officer now directly owns 22,076 shares of the company’s stock, valued at $20,085,186.32. This trade represents a 12.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,412 shares of company stock worth $18,826,100 in the last three months. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on EQIX. Royal Bank of Canada lifted their price target on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Truist Financial increased their price target on Equinix from $935.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, November 29th. JPMorgan Chase & Co. lifted their price objective on Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. BMO Capital Markets increased their target price on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, HSBC upgraded Equinix from a “hold” rating to a “buy” rating and boosted their price target for the company from $865.00 to $1,000.00 in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $976.81.

Equinix Trading Down 0.9 %

Shares of EQIX stock opened at $925.23 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a fifty day simple moving average of $942.31 and a two-hundred day simple moving average of $880.04. The firm has a market capitalization of $89.28 billion, a PE ratio of 83.43, a PEG ratio of 2.18 and a beta of 0.73. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 1.84%. The ex-dividend date was Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

Equinix Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.